Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Some outlets reporting a 10% dividend rise along side the 2.5bil share buy back. Not sure if they are getting the div increase right, but wouldn't it be nice to see it.
Cong
You're correct, but to my mind its about the investors perception of a companies share price/dividend perhaps I should of expanded more on that than just putting the figures up.
IMO confidence is low in BP as it plans to radically cut oil production over the next 10yr's with analysts predicting oil prices to rise for the foreseeable future so there is a disconnect between what looney is promising in the way of shareholder returns & where the profits to fund them & sustain them are coming from other than oil.
RDS has a very much slower approach to transitioning to a greener company while (seemingly) raising their (headline grabbing %) dividend substantially more than BP, its a good PR job but also due to its slower approach it appears more sustainable moving forward too, building much more confidence in their approach to markets & PI.
Like I say I could be totally wrong in my views & would love to see BP back over £4 with a healthier dividend to boot, but I just can't see how Looney plans to boost confidence in his plan & BP's EPS other than through buybacks which are going to be funded by the products he is telling everyone BP will be selling much less of moving forward.
RDS ups divi by 38% BP 4%
RDS although claiming to be transitioning too but yet seems to be taking a more cautious approach.
BP on the other hand almost feels like it has a stable full of stallions that are highly profitable but has decided to sell them all off as quick as they can bolt out the doors & not to bother replacing any of them in favour of the three legged mare at the back with the green eyes.
It will take years if not decades to profit from such an aggressive transition. The promise of raising the divi & buy backs is all pinned to the price of the black stuff from a company that has said it will drastically reduce the amount it pumps over the next decade.
Adding a penny to the dividend over the next 4yr's after a 50% cut is just laughable & an insult to long time holders, but further to that & without showing any real profits from the massive investments made in green tec over the same period IMO will mean very little added share value from any buy backs for them.
I truly hope I'm wrong but I don't see much added value & have no confidence in Looney's strategy at the mo. We can all mostly agree & accept a need to transition to greener projects but at such an aggressive pace, seems a reckless knee jerk reaction.
Although its nice to see a rise in the dividend a half a penny a year raise is not going to build to much good will with long term share holders & will soon be eroded by the FX rate if sterling continues to strengthen against the dollar, likely now they have hit their debt ceiling unless they raise it.
Share buybacks have done little over the years & IMO will still do little to push the price higher, the minimal amount of eps it may add will do little IMO to build confidence in Looneys strategies.
Profits are up which is good news, but they are derived mainly from the black stuff & its products so a strategy to so aggressively move away from pulling it out of the ground seems an act of self harm, especially if the price continues to recover & rise.
As a long term share holder, unless I start to see some positive ROI numbers comparable to oil from BP's green offerings sooner rather than later then I will look to reduce & exit my holdings here when the price gives an opportunity to do so. I suspect their are many long term holders that have been battered over the last few years or who relied on BP to boost their income that feel the same & a pity fall 4% rise just feels like another kick in the drilling rig.....
Those who bought in after the share price crash I suspect feel differently & good luck to them, but I'm viewing it from very different entry points stringing back over a decade.
I see no reason why this won't drop back to the 220's as much I don't see any reason for it not to be nearer to 300. Question is, is it left foot in or out . Oil needs to be kept at a level so the frackers don't flood an already flooded market, debt needs to be reduced while rasing the dividend, not share buybacks needs to be BP's/looney's favoured interview buzz. BP has lost the confidance of the markets which will not return anytime soon, at least not until the zombie virus is behind us and looney can show that the eco hot air he is spouting across the networks will be generating a future roi and not just a foul stinking money pit..... Qtr4 this year could be the marking of returning confidance in the BP/looney strategy and share price, until then buckle up. All in my opinion of course......
IMO BP will struggle to get/stay above £3 until debt is reduced to the the target of 35bil combined with crude maintaining price levels above $55 & maybe a dividend increase. Two of which won't happen until the zombie virus is in the rear view mirror, so maybe by the 4qt 21. Oil prices are likely to be strategically (if opec+ members hold it together) kept below the levels that are needed for the US frackers (that are allowed in Biden's USA) to start drilling/pumping for all they're worth, which I suspect will also mean below the levels for significant share price rises.
That's my view. It may well be wrong, but as a long term holder of BP it makes little difference to me for the next few years at least. Hopefully BP will return to levels close to my average by the end of 2022 and I will reevaluate then.
If only holding something forever was an option.
Indeed companies come and go especially nowadays.
However some have/had been around seemingly forever & were considered safe havens for your hard earned wonga. This is just simply not the case anymore for the oil industry moving forward, as more of their income is spent chasing the fuels of the future it will without doubt have an impact on their market values, shareholder returns & any future profitability/break even margins.
They & oil still have their part to play for some time yet, but unless they manage to position themselves at the forefront of offering the future renewables & energy tech while also making them profitable ventures they will most certainly fade away as reliance on oil dwindles.
Indeed all opinions are welcome.
Mine is simply just that my opinion.
I'm already looking for alternative investment opportunities to spend my BP dividends on in the future rather than compounding them as I have in BP for many years.
Hopefully I will not need to sell at a lose & will sell some of my holding as & when the price allows me to do so in order to further diversify away from the industry.
Yep lots of if's but's & maybe's regarding green/renewable energy & tech none of which would manage to cope with current demand let alone a total transition away from fossil fuels or the future growth in demand. I suspect that companies will throw trillions down the wishing well hoping to find the end of the rainbow.
Eventually someone will find the golden egg, but whether that will look anything like any of today's possible alternatives that get banded about is anyone's guess.
The only certainty is the wasted money that companies will be compelled to throw into the search, which will offer very little in the way of shareholder returns, unless of course you're lucky to be holding stock in the company that finds the end of the rainbow, but that could be a matter of a few years or lifetimes.
I suspect that BP will still be around for some time to come but will its shareholders suffer the same fate as the likes of Centrica holders.
Time will of course tell, but IMO better alternatives out there for me due in part to holding this as much higher levels than today's price.
The rhetoric is good the reality might be somewhat different, however the destination is set.
The biggest draw for me here was the pre cut dividend, now the biggest draw for me here is looking for an exit price as close as I can get to my average. Which is a long way off what it is today!
The transition from fossil fuels to greener energy forms I suspect will take far longer than the timeline given by Boris & co but oil/gas will certainly become less important to the mix as time moves on. How long & at what speed transition will occur with future innovation & the speed at which tech moves nowadays is anyone's guess.
Will BP be around in ten years I would bet my left arm on them being so, but what sort of company will they be by then?!?!?! if i'm still a shareholder I would hope one at the forefront of green tech & energy.
Will BP/Shell etc ever reach the price levels of even just over a year ago, I suspect they will touch on them at some point especially if President Harris bans fracking & cuts Oil company funding in the US. That is if Biden ever makes it into the white hse, if he does i suspect he would be swiftly removed by Pelosi's committee she is trying to set up to ascertain the mental capacity of the president thus putting Harris in the big chair, but I digress.
However it is nice to see BP moving upwards again even if it might fall back a bit, but hopefully sub £2 will just become a freakish distant knightmare much like the C-19 & governments across the globe's decision making where it is concerned.
For me it is now time to look beyond my portfolio staple that was BP into other dividend paying opportunities as there is to much uncertainty for the dividend here moving forwards & very little capital gain for me I suspect.
I guess like many who have steadily dripped a large amount of cash into BP for the dividend return over the last 10yrs I will be happy if I can hit my average or close to it over the next few years & get most of it out while sitting on crossed fingers that the dividend does not see more cuts.
I could have tried to average down a bit but decided against it & believe for the time being any BP dividend returns & cash on hip are better invested elsewhere.
Anyone buying in at the current levels I would suspect will do well out of it over the few couple of years but how good a long term 5, 10 or 15yrs investment BP or the other big oil companies will be is very difficult to judge.
I'm Interested to hear the opinions of other long term holders & their strategies moving forward, have you tried to average down or are now just looking for the exit?
Anyway good luck to you all....
People need to check their math before getting hysterical in order to get 8p a share with a dividend of .0525 cents the pound would have to drop against the dollar to around .70cents, if that was to happen, god forbid it ever did I think we would be in serious trouble as a country. The reason for the last cut was to rebalance the dividend to a more sustainable level, not that I think they needed to cut it but "never let a good crises go to waste" as our leftist MP's here in the UK are happily spouting, but that's nothing to do with BP. Best if you're going to buy not to keep looking at the share price as its all kinds of depressing. But I suspect there will be future special dividends or indeed raises in the years to come once the world decides enough of the C-19 restrictions & just toughs it out with herd immunity becoming the goal.
Oil price well above BP's Profit making margin's (at this time)
Dividend cut to a sustainable level at much lower oil prices, I believe they stated even at around $20 short term levels.
Lots of fear across most markets outside of tech which will continue to drag on lots of blue-chip share prices no matter the fundamentals.
People wanting to get back to some form of normality & slowly saying enough of the lockdown measures, unclogging stockpiles.
I think I will hold on to my shares & add when I can, BP didn't really need to cut the latest dividend but took full advantage of the opportunity to do so & maybe was a good move. The only downsides I see is a possible over-investment in green vanity projects & a board that may not push back at some point on the share buybacks or such projects in favour of a rise in the dividend.
Time will of course tell but to me, these are an add, hold, wait & see how the land lays in a few years time.
Highly doubtful another dividend cut will be seen this year. But never say never and never bet more than you can afford to lose!
The best recommendation will always be to do your own research.
Some will say to sell others to hold but at the end of the day, it depends on your individual circumstances & what level of risk you are happy to take on.
Some will say the share price will never get above 500 again or that the bottom will be xyz, truth is no one can ever really be sure, but the one thing you can be sure of is those with any such knowledge of future price movements will never be found on these boards. They would be far to busy on a sweeeeeeeet little private island somewhere.
I wish you good luck whatever you decide to do.
With storage capacity pretty much used up, will any further production cuts next week make much difference short term to the oil price?
I wonder what sort of output cuts are required in order to start to see stockpiles ease in the current environment & if any cuts next week will come anywhere close. I'm sure any cuts will be good news for the oil price, but will any bounce be short-lived if there is little to no noticeable drawdown on stockpiles over the next couple of weeks?
I'm sure someone out there has done the math on such questions, but I have not found the info yet, but then I have only done a rudimentary search for the info as yet. If anyone has any links to articles that may pose some answers to these questions please put them up.
With the ex div date fast approaching will that help to keep the share price cushioned from some of the turbulence, it has been a while since I have seen the share price heavily falling in the run up to the ex div date, so dont expect that to happen even now, but then who knows at this time. Anywhere around or just below 300 seems a buy point but will we see lower after it goes ex div if easing of the lockdown around the world has already started. Lots of variables at the mo, as always I guess, but certainly more interesting at the mo.
Are we reaching peak oil with nowhere to put it!
Thanks
With June oil futures as low as $11 as I type, I suspect any movement today, is going to be little more than the trailer, for the Horror movie about to come. over the next week or so. With talk turning to lifting some lockdown measures across the globe, if there are any signs of a resurgence in the numbers being infected as they do, then I would expect another shockwave across the markets.
“Top, middle or bottom!”
Reading this chat reminds me of that show at times, lol. For me, its buy at a price you're happy to pay, then forget for a year or so. Not financial advice or a strategy recommendation, just an opinion, unless you're a market trader with access to Buffets diving rods, its all guesswork. Especially at this time! Granted some of it is educated guesswork, that's why all the traders are millionaires, with swimming pools full of black gold, wait, mmmmm!?!?!
Not a big surprise to see a rise today or perhaps over the next few days, I suspect a lot of it will be due to dividend reinvestments. I would also expect there to be a fair bit of dealer lag in the reinvest system, thus my opinion it will stay above the £3 mark for a few days yet. What is less reassuring for anyone who may buy now thinking she is on the up is that even with all that Dividend money being ploughed back in, the rise is somewhat muted, I will hold off ploughing my few pennies back in for now. Good luck to all no matter what you decide to dooooooooooooo……….
The problem with this comment is that it is written into law that the UK will leave the EU on the 29th of March 2019 with or without a deal. Parliament voted to have a referendum, Parliament voted on the questions on the ballot paper, Parliament voted to honour and implement the result, Parliament voted to trigger art50 and Parliament voted to enshrine in law the leaving date.
Unless the law is changed, this would require an act of parliament resulting in a change to the statute book. I expect this would be very unlikely to happen between now and March. At the end of the day the choice was simply to stay or leave.
Even if by some strange twist of fate there was to be another referendum, what would the campaign’s look like?
You would have remain offering the status quo with more claims of falling into the abyss if we vote to leave again, with nothing on offer to address any of the reasons that people voted to leave in the first round of voting, apart from claiming that we can somehow reform the EU from the inside.
Leave would just simply tear remain to pieces, by simply pointing out all the claims of doom that were spouted by the establishment and remain campaigners if we dared to vote to leave that never came to be, accompanied with a clear view that everyone has enjoyed over the last 4yrs of how inflexible the EU is to any form of change or reform.
Whether you voted leave or remain it is clear that any campaigns would be pretty much the same as before except that leave would clearly have more ammunition, where remain would have to rely again on predictions, stories of impending doom and forecasting to try to win the electorate over.
What we need to do is just get on with it I’m not looking for a debate here, just putting my view forward. I suspect that all shares will bump along for some time to come, better to buy and go long if you can
Sterling Dividend amount payable on 21 of Sep, for anyone who is interested.
0.079296 pence
I hope that if oil stays well above his 55 to 60 range that we could see some paying down of debt. along side the planed share buy backs and maybe even a special dividend along the way would be nice. Still it is nice to see most of the fud surounding BP is now behind the long term hodlers.